Within the Japanese business community there are whispers of a sense of paralysis or "hopelessness", and the fear that if decisive action is not taken, some of the companies that were the engine for Japan's postwar growth could fall into irreversible decline. "Japanese companies cannot keep doing what they have been doing," says Hiroshi Mikitani, the founder of e-commerce giant Rakuten, equivalent to the Japanese version of Amazon.com
The country's electronics sector has been hit by the success of South Korea's Samsung and LG, which assemble products in lower-cost countries such as China, Indonesia and Thailand. (zimbabwemetro.com)
Within the Japanese business community there are whispers of a sense of paralysis or "hopelessness", and the fear that if decisive action is not taken, some of the companies that were the engine for Japan's postwar growth could fall into irreversible decline. "Japanese companies cannot keep doing what they have been doing," says Hiroshi Mikitani, the founder of e-commerce giant Rakuten, equivalent to the Japanese version of Amazon.com
The country's electronics sector has been hit by the success of South Korea's Samsung and LG, which assemble products in lower-cost countries such as China, Indonesia and Thailand. (zimbabwemetro.com)